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Bought with Michael Savegnago with Legacy Properties, A Sarah Leonard Company and Listed by Bruce Heller with Coldwell Banker Realty (312) 915-4722
Sold

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$550,000
Outstanding investment opportunity! This 6-unit apartment building features 2 three-bedroom/1 bath units and 4 two-bedroom/1 bath units, all well-maintained and fully leased. Each apartment is equipped with its own furnace, central (rooftop) A/C, and hot water tank - tenants are responsible for their own utility costs - making this a low-expense, high-yield property. Tenants pay for their own internet and cable. Highlights: Consistent occupancy: Several tenants in place 5+ years, with only one turnover in the past year. All units include carpeted bedrooms and owner-supplied stoves and refrigerators. Roof: Modified bitumen (torch-down) roof, 4 years old, under warranty. Exterior: One porch replaced 3 years ago. Lower level: Flexible common area with shower and fireplace, perfect for a lounge, gym, or additional tenant amenity. Located: Across from Tilton Grade School and only 1.5 blocks from the Pulaski Green Line EL stop, offering easy commuter access and family-friendly surroundings. Investment Advantages: The property lies within both an Illinois Empowerment Zone and a Federal Enterprise Zone, providing potential tax exemptions on building materials and equipment, utility cost exemptions, and investment tax credits - all enhancing your return on investment. All together this is a stable, income-generating property in a desirable, transit-accessible location - easy to manage and ready to perform from day one! The sale will be "AS IS"

Studio

4,200 Sq.Ft. LIVING AREA

4,400 Sq.Ft. lot

Features & Amenities

Area & Lot

  • Status Sold
  • Date Sold October 23, 2026
  • Living Area4,200 Sq.Ft.
  • Total Area4,200 Sq.Ft.
  • Lot Area4,400 Sq.Ft.
  • MLS® ID12512155
  • TypeMulti-Family
  • YEAR BUILT1915

Exterior

  • STORIES2
  • utilitiesWater Available
  • AIR CONDITIONINGCentral Individual
  • sewerPublic Sewer
  • SubstructureConcrete Perimeter

Financial

  • Sales Price$550,000
  • Real Estate Tax $6,045/yr
  • Maintenance Fee $8,800/mo
  • Zoning MULTI

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